H.R. 8620 · 116th Congress

To permit payments for certain business software or cloud computing services as allowable uses of a loan made under the Paycheck Protection Program of the Small Business Administration.

Stage
In committee
Introduced
2020-10-16
Latest action
2020-10-16 · Introduced in House

Summary

This bill expands allowable and forgivable uses of a loan made pursuant to the Paycheck Protection Program, enacted to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), to include payment for any business software or cloud computing service that facilitates certain business operations or processes.